Cryptocurrency and Ripple XRP price analysts have been predicting that the bullish divergence trend XRP is passing through can push it above the psychological barrier of $0.30 mark.
XRP price went as high up as to $0.29245 in the past twenty-four hours, however, the bullish run was unable to sustain the position and was back down to the low in the next twelve-hours.
Since then XRP price has been showing a positive bullish divergence that allowed the price chart to show slow recovery back up to the current trading range.
Ripple XRP price movement against Bitcoin (BTC)
After a price gain of eight percent (8%), Ripple’s XRP has been observed struggling to get over the three thousand and five hundred (3550) mark. There is a possibility of a retrace towards the next undetermined support level.
Due to the bullish intervals like the Golden Exponential Moving Average cross, that occurred on October 9, even a small retrace will allow XRP/BTC to depict a bullish trend.
The retrace zone may be placed at the Ichimoku Cloud’s bottom, at three thousand and two hundred (3200).
The retrace may even be placed between the three thousand and four hundred to three thousand and three hundred region, which is the nearest price to Exponential Moving Averages (EMAs), which act as possible support here.